Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$510M |
| 2 |
Aptiv
APTV
|
+$358M |
| 3 |
LyondellBasell Industries
LYB
|
+$345M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$290M |
| 5 |
NXP Semiconductors
NXPI
|
+$195M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$479M |
| 2 |
Duke Energy
DUK
|
+$392M |
| 3 |
Verizon
VZ
|
+$261M |
| 4 |
Crown Castle
CCI
|
+$186M |
| 5 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$167M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.63% |
| 2 | Technology | 14.57% |
| 3 | Healthcare | 13.9% |
| 4 | Consumer Discretionary | 9.72% |
| 5 | Industrials | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ABMD
551
DELISTED
Abiomed Inc
ABMD
| $63.1M | 0.03% |
513,794
| – | – |
|
552
Tetra Tech
TTEK
$8.49B
| $62.8M | 0.03% |
9,272,280
-101,000
| -1% | -$684K |
|
553
Extra Space Storage
EXR
$31.3B
| $62.7M | 0.03% |
826,949
+18,000
| +2% | +$1.52M |
|
554
Bausch Health
BHC
$2.58B
| $62.5M | 0.03% |
2,670,102
+340,925
| +15% | +$8.82M |
|
555
Transocean
RIG
$5.89B
| $62.5M | 0.03% |
6,139,481
+919,287
| +18% | +$9.72M |
|
556
MarketAxess Holdings
MKTX
$5.71B
| $62.4M | 0.03% |
394,685
| – | – |
|
|
BMS
557
DELISTED
Bemis
BMS
| $62.3M | 0.03% |
1,278,524
+83,808
| +7% | +$4.32M |
|
558
Jazz Pharmaceuticals
JAZZ
$15.9B
| $62.2M | 0.03% |
535,778
-14,698
| -3% | -$1.98M |
|
559
Gentex
GNTX
$4.97B
| $62.1M | 0.03% |
3,703,752
+863,703
| +30% | +$14.9M |
|
560
Alliant Energy
LNT
$18.3B
| $61.5M | 0.03% |
1,681,569
-40,083
| -2% | -$1.57M |
|
561
Vail Resorts
MTN
$5.32B
| $61.4M | 0.03% |
409,649
+17,552
| +4% | +$2.67M |
|
|
LVNTA
562
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $61.1M | 0.03% |
1,603,812
+761,609
| +90% | +$29.7M |
|
563
SS&C Technologies
SSNC
$18.1B
| $61M | 0.03% |
1,986,033
+287,657
| +17% | +$9.11M |
|
|
PACW
564
DELISTED
PacWest Bancorp
PACW
| $60.8M | 0.03% |
1,482,481
+23,391
| +2% | +$975K |
|
565
Range Resources
RRC
$9.38B
| $60.5M | 0.03% |
1,635,311
+170,306
| +12% | +$6.89M |
|
566
Fortune Brands Innovations
FBIN
$5.88B
| $60.5M | 0.03% |
1,275,712
| – | – |
|
|
LSXMA
567
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $60.2M | 0.03% |
2,568,605
+303,682
| +13% | +$7.38M |
|
568
Ashland
ASH
$3.33B
| $60M | 0.03% |
1,106,587
-22,674
| -2% | -$1.3M |
|
569
CBRE Group
CBRE
$42.5B
| $59.8M | 0.03% |
2,238,947
-17,513
| -0.8% | -$500K |
|
|
HAR
570
DELISTED
Harman International Industries
HAR
| $59.8M | 0.03% |
741,162
+101,571
| +16% | +$8.34M |
|
571
Trimble
TRMB
$13.2B
| $59.8M | 0.03% |
2,190,488
-145,638
| -6% | -$3.89M |
|
572
ManpowerGroup
MAN
$2.44B
| $59.7M | 0.03% |
864,875
+41,570
| +5% | +$2.87M |
|
|
VRN
573
DELISTED
Veren
VRN
| $59.5M | 0.03% |
4,735,148
| – | – |
|
574
Tyler Technologies
TYL
$12.7B
| $59.4M | 0.03% |
363,222
-15,800
| -4% | -$2.63M |
|
575
Televisa
TV
$1.48B
| $59.1M | 0.03% |
2,410,294
+347,719
| +17% | +$9.18M |
|
Similar funds
Norges Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Norges Bank held 2,233 positions worth $212B, up 0.53% from $210B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q3 2016 filing shows 58 new, 931 increased, 669 reduced and 85 closed positions. Its largest new stake was Fortive: 4,010,057 shares worth $123M. The largest sale was EMC CORPORATION, an estimated $479M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q3 2016 buy was Fortive: 4,010,057 shares worth $123M.
- Norges Bank added most to Broadcom in Q3 2016, an estimated $510M increase.
- Norges Bank's biggest Q3 2016 reduction was Verizon, cutting an estimated $261M.
- Norges Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $479M.
- Norges Bank's ten largest holdings make up 14% of its $212B portfolio in Q3 2016.
- Norges Bank opened 58 new positions and closed 85 in Q3 2016.
- Norges Bank's portfolio value rose 0.53% quarter-over-quarter to $212B.
Based on Norges Bank's 13F filing for Q3 2016, filed 14 Nov 2016.